Since the first day this currency was created, its purpose was to facilitate electronic payment processes, and this is because the blockchain layer operating the currency is a Solana network, so what does this mean.
This means that the payment processing fees are very low compared to other networks, so it would cover the real goal of its creation, but investors' perception of it quickly changed.
He saw in it an investment opportunity of great importance, so on the first day of its listing for trading, we noticed a high liquidity flow to the currency, which led to a price recovery.
But soon the speculators exited the currency, satisfied with the profits realized from it, which is why we noticed a decline in prices.
At the beginning of the listing, the price was at 0.03 and rose to 0.09.
Then the speculators sold their holdings of the currency, which is why we noticed the price drop from 0.09 to 0.02.